Saving the Titanic: Why Taking Control of IL&FS Was Critical for Modi Govt

In the largest intervention of its kind, the Centre this week replaced the board at IL&FS, a construction and infrastructure firm that had defaulted on a series of repayments to creditors as it struggled under a debt pile of more than $12 billion.

from Top Business News- News18.com https://ift.tt/2zSM9og